noun
- the practice of providing money, supplies, or equipment to a prospector or miner in exchange for a share of any discoveries
Usage: mining; historical
verb
- to provide money, supplies, or equipment to a prospector or miner in exchange for a share of any discoveries
Usage: mining; historical
Examples
- The wealthy businessman made his fortune by grubstaking gold prospectors in Alaska.
- Grubstaking was a common practice during the California Gold Rush.
- He agreed to grubstake the mining expedition in return for half the profits.
- The old miner survived on grubstaking arrangements with local merchants.
- She was grubstaking several prospectors hoping one would strike it rich.
- The grubstaking agreement specified that all equipment would be returned after six months.